Title : Prohibition of Charge on Unpaid Capital
State : Central
Year : 1949
no banking company shall create any charge upon any unpaid capital of the company, and any such charge shall be invalid.
View Complete Act List Judgments citing this sectionTitle : Compensation to Be Given to Shareholders of the Acquired Bank
State : Central
Year : 1949
(1) every person who, immediately before the appointed day, is registered as a holder of shares in the acquired bank or, when the acquired bank is a banking company incorporated outside india, the acquired bank, shall be given by the central government, .....
View Complete Act List Judgments citing this sectionTitle : Tribunal to Have Powers of a Civil Court
State : Central
Year : 1949
(1) the tribunal shall have the powers of a civil court, while trying a suit, under the code of civil procedure, 1908 (5 of 1908) in respect of the following matters, namely : (a) summoning and enforcing the attendance of any person and examining him on .....
View Complete Act List Judgments citing this sectionTitle : Procedure of the Tribunal
State : Central
Year : 1949
(1) the tribunal shall have power to regulate its own procedure. (2) the tribunal may hold the whole or any part of its inquiry in camera (3) any clerical or arithmetical error in any order of the tribunal or any error arising therein from any accidental .....
View Complete Act List Judgments citing this sectionTitle : Duty of Directors and Officers of Banking Company to Assist in the Realisation or Property
State : Central
Year : 1949
every director or other officer of a banking company which is being wound up shall give such assistance to the official liquidator as he may reasonably require in connection with the realisation and distribution of the property of the banking company.
View Complete Act List Judgments citing this sectionTitle : Reserve Bank to Tender Advice in Winding Up Proceeding
State : Central
Year : 1949
where in any proceeding for the winding up of a banking company in which any person other than the reserve bank has been appointed as the official liquidator and the high court has directed the official liquidator to obtain the advice of the reserve bank .....
View Complete Act List Judgments citing this sectionTitle : Power to Inspect
State : Central
Year : 1949
(1) the reserve bank shall, on being directed so to do by the central government or by the high court, cause an inspection to be made by one or more of its officers of a banking company which is being wound up and its books and accounts. (2) on such .....
View Complete Act List Judgments citing this sectionTitle : Power to Call for Returns and Information
State : Central
Year : 1949
the reserve bank may, at any time by a notice in writing, require the liquidator of a banking company to furnish it, within such time as may be specified in the notice or such further time as the reserve bank may allow, any statement or information .....
View Complete Act List Judgments citing this sectionTitle : References to Directors, Etc., Shall Be Construed as Including References to Past Directors, Etc
State : Central
Year : 1949
for the removal of doubts it is hereby declared that any reference in this part to a director, manager, liquidator, officer or auditor of a banking company shall be construed as including a reference to any past or present director, manager, liquidator, .....
View Complete Act List Judgments citing this sectionTitle : Part Ii Not to Apply to Banking Companies Being Wound Up
State : Central
Year : 1949
nothing contained in part ii shall apply to a banking company which is being wound up.
View Complete Act List Judgments citing this section